5 Things to Know About the GBank Credit Card - NerdWallet

Jan 25, 2024 · The $0-annual-fee GBank credit card earns an unusual 1% back on gambling transactions — and sweetens the pot with 2% back on everything else. Still, it's not a hedge for irresponsible betting.

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5 Things To Know About The GBank Credit Card - NerdWallet

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FAQs about 5 Things to Know About the GBank Credit Card - NerdWallet Coupon?

What is a gbank credit card & how does it work?

As with any credit card with multiple rewards tiers, the GBank card uses merchant category codes (MCCs) to determine what kind of purchase you've made and, thus, how many rewards you'll earn. The card awards 1% cash back to gaming transactions with the following MCCs: 7800. Government-owned lotteries. 7801. Online gambling. 7802. ...

Can gbank design a credit card for gamblers?

Leave it to Sin City to design a credit card for gamblers. That’s exactly what Las Vegas-based GBank has done with the GBank Visa Signature credit card, which earns cash back on a variety of wagers and gaming transactions. ...

Is the gbank credit card good for gambling?

Normally, using a credit card to pay for gambling is a wonky process involving expensive workarounds and backdoors. So in that sense, frequent gamblers will likely find the GBank credit card a pretty refreshing product. And even if you're not a gambler, the card's high flat rate on all other purchases makes it a solid top-of-wallet contender. ...

Does the gbank card have a 0% intro Apr?

The GBank card doesn't feature a 0% intro APR period, and as of this writing, the card's ongoing APR ranged as high as nearly 29%. So whether you gamble or not, carrying a balance from month to month will get expensive. Plus, the GBank card doesn't offer a sign-up bonus like you'd find on many other rewards credit cards. ...

What credit score do you need to get a gbank credit card?

According to a GBank spokesperson, the minimum credit score to qualify for the GBank credit card is 685 on the VantageScore scale, so even people without excellent credit may be eligible. Jae is a writer for the credit cards team at NerdWallet. Her writing has been published in newspapers, blogs and an academic journal. ...

Can I redeem my gbank credit card rewards for a statement credit?

Rewards earned with the GBank credit card may only be redeemed for a statement credit, which may feel limiting to some credit card users who are used to a range of redemption options like direct deposit, gift cards and travel. The minimum redemption amount is $25. ...